Cineplex Inc. (TSE:CGX) Senior Officer Sells C$22,454.82 in Stock

Cineplex Inc. (TSE:CGX) Senior Officer Robert Matthew Cousins sold 2,241 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of C$10.02, for a total value of C$22,454.82.

Cineplex Trading Up 0.6 %

Shares of CGX stock opened at C$10.21 on Monday. The company has a current ratio of 0.36, a quick ratio of 0.22 and a debt-to-equity ratio of 30,533.69. Cineplex Inc. has a twelve month low of C$7.10 and a twelve month high of C$11.16. The company has a market capitalization of C$650.17 million, a P/E ratio of -9.12, a price-to-earnings-growth ratio of 0.30 and a beta of 2.74. The business’s 50 day moving average is C$10.42 and its two-hundred day moving average is C$9.39.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CGX. TD Securities raised their price target on Cineplex from C$14.00 to C$16.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Canaccord Genuity Group raised their price target on Cineplex from C$11.50 to C$12.00 in a research note on Thursday, October 17th. Scotiabank raised their price target on Cineplex from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, Desjardins raised their price target on Cineplex from C$52.00 to C$53.00 and gave the stock a “buy” rating in a research note on Thursday, August 1st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Cineplex has an average rating of “Moderate Buy” and an average target price of C$18.71.

About Cineplex

Cineplex Inc, together with its subsidiaries, operates as an entertainment and media company in Canada and internationally. It operates through three segments: Film Entertainment and Content, Media, and Location-Based Entertainment. The company engages in theatre exhibitions and food service activities; and provision of alternative programming service comprising international film programming, as well as content offered under the Event Cinema brand, including The Metropolitan Opera, sporting events, concerts, and dedicated event screens.